Cognite Expands Into North American Technology Market

11.3.2019 12:00:00 CET | Business Wire

Del

Cognite,
a leading provider of structured and contextualized data for industrial
applications, today announced that it will enter the North American
technology market and open a U.S. headquarters facility in the summer of
2019. The company is considering sites in both Texas and California for
the headquarters location.

Thanks to the success of its flagship Cognite Data Platform, Cognite is
the fastest-growing technology company in Scandinavia, offering a
software solution that delivers a digital representation of an
organization’s “industrial reality” by transforming existing industrial
data into useful, actionable information that builds connections and
facilitates analysis across the enterprise that ultimately supports
digital transformation and change initiatives at scale.

Driven by the competitive value of leveraging previously untapped
industrial data, global demand for Cognite solutions has gone far beyond
the company’s native Norway. For asset-intensive industries like oil and
gas, power generation, energy grid management, and shipping, the Cognite
platform “liberates” data from sources that include industrial sensors,
equipment hierarchies, piping and instrumentation diagrams, 3D models,
maintenance logs, and even weather information in order to deliver
scalable, accessible, real-time and fully contextualized data for
application development, enablement of machine learning, and forging
ecosystem connections and partnerships. Exclusive Contextualization
technology from Cognite links everything from the real world to
everything in the Cognite platform, adding layers of context to the data
for deeper analytics and insights.

“Our firm has proven the value of unlocking data to create value for
industrial enterprises in Europe,” commented Francois Laborie, general
manager of Cognite North Americas. “We are confident that Cognite can
bring a new level of innovation to asset-intensive companies in North
America by liberating their industrial data and making an immediate
impact through data analytics that have the potential to reduce costs,
optimize production and transform their business models.”

He added, “This is an exciting decision; we are considering cities in
both Texas and California as our new North American location and will
announce our decision later this year.” The North American location will
incorporate administrative, field marketing, business development and
technical/engineering head count to support new customers and the
company’s existing customer base, including customers with a U.S.
footprint such as Aker BioMarine and Aker Solutions, TechnipFMC and
Wallenius Wilhelmsen.

Key Partnerships in Place

Concurrent with its entry into the North American market, Cognite has in
place key technology and industry partnerships designed to help it
rapidly deploy, scale and achieve market awareness.

The Cognite Data Platform is built on the Google Cloud Platform,
providing customers with high performance and scalability at a
reasonable cost, and, according to Darryl Willis, vice president, Oil,
Gas and Energy for Google Cloud, “Cognite has stretched the potential of
Google’s technology in the space of industrial data platforms. In a
short time, Cognite has proved that data, once made accessible, can
provide substantial impact to the industry by accelerating the adaption
of AI and making operations safer and more efficient.”

“In January, we welcomed Cognite as a new member of the Centre for the
Fourth Industrial Revolution. Their vision and expertise fit well with
our mission to accelerate the benefits of science and technology for
society. We are looking forward to their unique perspective on
innovation and collaboration,” said Zvika Krieger, head of technology
policy at the World Economic Forum Centre for the Fourth Industrial
Revolution.

About Cognite

Headquartered in Oslo, Norway, Cognite is the fastest-growing technology
company in Scandinavia. The company’s flagship solution, the Cognite
Data Platform, liberates industrial data from separate, siloed systems
and reveals that data in a structured and contextualized manner,
presenting a full, virtual view of industrial reality – both past and
present – made accessible and meaningful for humans and machines.
Exclusive Cognite functionality, called Contextualization, means that
everything linked in the real world is linked in the platform, and the
company’s groundbreaking industrial IoT data platform empowers companies
to extract value from existing data by transforming it into useful
information. Cognite’s interdisciplinary team includes software
developers, data scientists and 3D specialists. To learn more, visit https://www.cognite.com/
or follow @CogniteData
on Twitter or LinkedIn.